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PROTECTION FOR YOUR RENTAL PROPERTY
Landlord Insurance
As a landlord, it’s important to protect your property and the income it generates. That’s why you should consider landlord insurance.
Having it in place helps you face the unexpected with confidence. From damage caused by fire and floods, to covering lost rental income if the property becomes inhabitable, you’ll be covered when you need it most.
Let us take care of the risks, so you can simply focus on your property investment.
What is Landlord Insurance?
Landlord insurance is designed for people who rent out a property. Unlike standard home insurance and holiday home insurance, you face unique risks when renting out your property to a tenant.
You can choose to protect the building, your contents, liability, rental income and even legal expenses. Whether you’re dealing with accidental damage, a burst pipe or a legal dispute with a tenant, landlord insurance will protect both your property and financial interests.
What does our Landlord Insurance cover?
Landlord insurance policies can contain a range of cover, including:
- Landlord Buildings Insurance: Cover for rebuilding or repairing your property if damaged by insured events like fire or flooding.
- Contents Insurance: Covers damage or loss of items you provide for your tenants – such as furniture, appliances and other household goods – due to insured events.
- Property Owners’ Liability: Provides protection if you become legally liable for injuries or property damage to third parties (such as tenants) at your rental property.
- Employers’ Liability: Covers employers’ liability for individuals that undertake repair or maintenance tasks at your insured property such as cleaners or gardeners.
- Loss of Rent: Protection for when tenants need to move out due to an insured event such as a fire or flood. Covers cost of arranging temporary accommodation for tenants until repairs are completed.
- Accidental Damage: Protection if your building and/or contents gets damaged accidentally.
Do I need Landlord Insurance?
You’re not legally required to have landlord insurance, but it’s something you shouldn’t ignore. It’s wise to get cover to protect your rented property, at the very minimum we recommend protection for your building’s structure.
Your rental property faces unique challenges, and landlord insurance helps you to manage those risks effectively. If you have a mortgage on your property, your lender may require you to have landlord insurance before renting it out to tenants.
It also depends on your property’s situation. Freeholders generally only have landowners’ liability, meaning the property owner is required to have buildings insurance. It’s always worth checking the cover that you need.
Our Personal Client Managers will take the time to understand your insurance requirements and advise you of your legal obligations.
Optional Landlord Insurance add-ons
There are also a range of optional add-ons you can add to your landlord insurance policy, such as:
- Landlord Legal Expenses: Covers the cost of legal fees that may arise from disputes with tenants, such as evictions or property damage claims.
- Landlord Legal Expenses with Rent Guarantee: Combines legal expenses cover (above) with protection against loss of rent if tenants fail to pay, ensuring you maintain rental income during disputes or evictions.
- Landlord Home Emergency: Cover for emergency repairs at your rental property to ensure tenant safety, such as burst water pipes, issues with boilers under 10 years old and pest control.
Get your Landlord Insurance quote
Send us a message here and we’ll get in touch to give you a landlord insurance quote or help with any query around landlord insurance cover.
Landlord Insurance FAQs
What does landlord insurance cover?
Landlord insurance typically covers buildings, contents, liability and loss of rental income. You could also be covered for home emergency, legal expenses and rent guarantee for an additional cost.
It protects against damage to the property – such as fire or flooding – provides liability cover if someone is injured on the property, and helps cover lost rental income if the property becomes uninhabitable.
Can I get landlord insurance for multiple properties?
Yes, we have access to insurance providers that can cover multiple properties. Our Personal Client Managers can take the time to understand your requirements before finding a policy designed for you.
What insurance do I need as a landlord?
It’s not a legal requirement to have landlord insurance. We recommend landlord building insurance at a minimum. You may be required to have building insurance to cover the duration of a mortgage – if you have one.
Do you offer cover for students and housing benefit tenants?
Yes, we can cover tenants on housing benefits and students on your landlord insurance policy.
How does the landlord insurance claim process work?
Every claim, while following the same key steps, will depend somewhat on the exact nature of your claim and the loss and/or damage. We can say with confidence that we only work with insurers who are known for a clear, simple and helpful landlord insurance claims process and who will take care of you every step of the way if something does go wrong.
Find out more about our landlord insurance claims process on our making a claim page.